• Hosted by Branzone
  • PayPal Donate

Nvidia posts a net lost of $200 Million

Submitted by: KnightMare @ 08:07 AM | Friday, May 8, 2009 | (url: http://news.cnet....)

On Thursday, Nvidia reported a first-quarter loss, as revenue fell 42 percent from last year. But the graphics chipmaker said inventory was easing.

The company announced a net loss of $201.3 million, or 37 cents a share. Last year in the same period, the company posted a profit of $176.8 million, or 30 cents a share.

Revenue was $664.2 million, down from $1.15 billion for the same period last year. This was better than the analysts' average estimate of $534.4 million, however.

Adjusted net loss was 9 cents a share. Analysts had expected a loss of 10 cents a share, according to Reuters estimates.

Category: Technology | 3 Comments
Tags: nvidia

05-08-09 - 10:16 PM
Great googly moogly!
05-09-09 - 04:39 PM
not that big of deal as there were some one time expenses mixed in and nvidia actually did better then what was the average forecast. Nvidia also turned the corner of now having a positive cash flow, but yet the stock still slide in price.
05-10-09 - 09:46 AM
nVidia lost a $200 million net?
Login to comment.